The Higher Education Amendment of 1998 stipulates that recalculations of financial aid awards must be completed for any Title IV recipient who totally withdraws from Middlesex County College (MCC). The federal recalculation formula calculates how much Title IV funds are earned for attendance up through the 60% mark of the semester.
Financial aid students who withdraw prior to the 60% mark of the semester or who receive final grades of F or a combination of F grades and Withdrawals maybe required to return a portion of the federal financial aid received. In addition, if a student receives all final grades of F and Withdrawals, Satisfactory Academic Progress will be affected and an appeal may need to be submitted to regain financial aid eligibility.
Funds to be returned:
Students receiving assistance from Federal Title IV programs are required to complete a minimum number of days during a given semester. If the student completely withdraws from school during the semester or stops attending, thereby earning F grades, federal regulations require that the student must return the unearned part of the financial aid funds received.
Withdrawing from the college and its effects on financial aid
If the student owes money to the college as a result of receiving unearned grades of F and withdrawing from all classes or a combination of both, the student is notified from the Financial Aid Office via email and letter. A bill is also sent from the Office of Student Account Services.